Business
Pakistan, China discuss expansion of CPEC to Afghanistan
Pakistani and Chinese officials on Monday discussed the possibility of Afghanistan joining the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project.
The idea to extend CPEC, the central part of the Belt and Road Initiative, was discussed during a meeting between China’s special envoy on Afghanistan Yue Xiayong and Foreign Secretary Sohail Mahmood in Islamabad.
An official statement said the two sides exchanged views on the political and security situation in Afghanistan, humanitarian assistance by Pakistan and China to Afghanistan, and other matters of mutual interest.
“In the context of regional connectivity, both sides exchanged views on extension of CPEC to Afghanistan to promote economic development and prosperity,” read the statement.
The foreign secretary underscored Pakistan’s commitment to a peaceful, stable, prosperous, and connected Afghanistan. He highlighted the provision of humanitarian assistance to Afghanistan, including Pakistan’s relief efforts in the wake of devastating earthquake in eastern Afghanistan on 22 June 2022.
He also stressed the importance of unfreezing of Afghanistan’s foreign reserves and facilitation of banking operations to ease the economic hardships of the Afghan people and help build a sustainable economy.
The foreign secretary further underlined the importance for the Afghan side to address the international community’s expectations regarding inclusivity; respect for the rights of all Afghans, including girls’ education; and effective counter-terrorism measures.
He underscored that the international community’s focus should not be diverted from the dire situation in Afghanistan owing to events taking place elsewhere.
Chinese envoy Yue Xiaoyong appreciated the important and constructive role played by Pakistan in the context of Afghanistan. Both sides agreed that only a peaceful, stable and connected Afghanistan could act as a fulcrum for enhanced regional trade and connectivity.
Earlier, the Chinese special envoy for Afghanistan held talks with his Pakistani counterpart Mohammad Sadiq. Both sides took stock of the evolving situation and discussed humanitarian assistance, infrastructure development, as well as trade and transit initiatives.
Business
‘Made in Afghanistan’ expo opens in Tashkent
The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.
According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.
More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.
Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
-
Latest News2 days agoTajikistan shifts stance on Afghanistan amid rising border tensions
-
Latest News4 days agoAround 2.3 million tourists visited Afghanistan’s recreational areas during Eid: Ghufran
-
Sport4 days agoAfghanistan squad hit by withdrawals ahead of AFC Asian Cup Qualifiers
-
Latest News4 days agoIslamic Emirate releases American prisoner Dennis Coyle
-
Latest News3 days agoTwo civilians killed, eight injured in fresh shelling by Pakistan in Kunar
-
Regional4 days agoUS allies in Middle East ‘edging closer’ to joining conflict
-
Latest News5 days agoAirstrike on Kabul drug rehabilitation centre sparks legal concerns
-
Regional4 days agoTehran rejects Trump’s claims of talks, accuses US of spreading ‘fake news’
